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BlockDAG’s Presale Hits $51.1M with Celebrity Backing; GameStop Shares Tumble as Fetch.ai Predictions Sour

Fetch.ai has faced downturns in its market forecasts following a significant merger, while GameStop’s share price has fallen dramatically. Contrastingly, BlockDAG has achieved a spectacular rise in its presale, reaching $51.1M, thanks to high-profile endorsements, captivating presentations, and its innovative X1 mining app that enables smartphone users to mine cryptocurrency.

Fetch.ai’s market value decreased by 4% in one day and 24% over the week, now priced at $1.60 with increased trading activity. This follows the integration of Fetch.ai with Ocean Protocol and SingularityNET on June 13, and the renaming of $FET to $ASI on June 11.

Since May, the price has been declining, slipping below the lower edge of the wedge pattern. Despite current bearish trends and high selling pressure, as indicated by a Relative Strength Index (RSI) below 30, market bulls are aiming for a rebound at the $1.56 support level. Should this rebound occur, Fetch.ai could climb to $1.9, meeting the 50-day Simple Moving Average (SMA).

GameStop’s stock has continued to fall, plunging 12% on Monday following a 40% drop on Friday, settling at $24.89. This is a 62% reduction from its recent high of $61. This drop has similarly affected related meme tokens that track GME’s movement, with the Solana-based GME token falling 25% to $0.01624 after a 200% rise the previous week.

Its market capitalization is now at $112.21 million with a trading volume of $110.14 million over 24 hours. Other associated tokens, like Roaring Kitty (KITTY) and various pet-themed tokens, saw declines from 4% to 10%. The volatility started in late May, triggered by retail trader Keith Gill’s substantial positions in GME and company decisions that shook investor trust.

BlockDAG’s $51.1 million presale figures have skyrocketed, largely thanks to endorsements from well-known cryptocurrency experts. These endorsements have drawn significant attention, leading to an outstanding presale performance. In a recent video, crypto expert Dapp Centre labeled BlockDAG as a formidable rival to Polygon.

He emphasized its DAG structure that facilitates simultaneous transactions and a proof-of-work consensus mechanism that ensures security, safety, and decentralization. The expert also commended the initial keynote presentation in Tokyo, which offered comprehensive insights into the project and its offerings.

Furthermore, a second keynote, presented from the moon, outlined BlockDAG’s key achievements, including accolades from Forbes and Bloomberg, endorsements from key crypto figures, over 50 development updates, and forthcoming releases like a DOXing video and a development documentary.

This presentation also introduced the energy-efficient X1 mining app, a game-changer for mobile mining, turning smartphones into potent BDAG coin miners. With X1, individuals can mine up to 20 BDAG daily, equivalent to $1 based on BDAG’s expected launch price of $0.05, and potentially $20 daily if BDAG’s value reaches $1.

While Fetch.ai currently navigates a bearish phase, its recent merger could trigger a market turnaround. GameStop’s shares are on a rollercoaster, illustrating the unpredictability of meme stocks.

Meanwhile, BlockDAG is making significant strides with its rapidly growing presale, reaching $51.1M, and the pioneering X1 mining app, enabling users to mine crypto via their smartphones. With endorsements from high-profile figures and recognition from leading publications, BlockDAG is set to make a substantial impact in the cryptocurrency market.

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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

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